Asia

PHILIP NUSSEL

Automakers can stop supplier price-fixing now, but will they?

12:01 am U.S. ET | Nov. 22, 2014
Auto supplier price-fixing is a global criminal epidemic that stifles fair competition, inflates the cost of components for automakers, erodes investor confidence and rips off the customer. The auto industry can make it all stop right now, but will they?...
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CHRISTIAAN HETZNER

Volkswagen raises the stakes in China

9:22 am U.S. ET | Nov. 21, 2014
Volkswagen's investment plans for the next five years tell one story very clearly – the company is becoming ever more dependent on growth in China in its bid to overtake Toyota as the world’s number one carmaker....
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HANS GREIMEL

Japan's fugitive execs have called DOJ's bluff

9:56 am U.S. ET | Nov. 21, 2014
Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff?...
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German builder of crash-test facilities forms China unit

Nov. 21, 2014 06:01 CET
Messring, a German manufacturer of crash-test facilities, has established a wholly owned Chinese subsidiary. The company has built 10 crash-test facilities in China over the past decade....
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Gestamp expects China to be its No. 3 market by 2015

Nov. 21, 2014 06:01 CET
Gestamp, a Spanish supplier of metal auto parts, predicts that by 2015 China will become its third-largest market worldwide, after Germany and Spain....
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DAVE GUILFORD

Ghosn sets the record straight on price-fixing conspiracy

12:53 pm U.S. ET | Nov. 20, 2014
In our package of stories on supplier price-fixing published Monday, one report said Carlos Ghosn inadvertently created the bid-rigging tradition. It was an intriguing scenario. But Carlos Ghosn begs to differ....
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Chinese supplier to hire 176, open plant near Detroit

2:52 pm U.S. ET | Nov. 19, 2014
Chinese automotive electronics component supplier Shanghai SIIC Transportation Electric is establishing its first North American operation near Detroit to supply General Motors....
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Audi's China PR director faces corruption probe, report says

Nov. 19, 2014 10:39 CET
Audi's public relations chief in China, Lu Minjie, is under investigation by the central Chinese government's anti-corruption task force, according to Chinese media....
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Dongfeng-PSA to sell imported vehicles in China next year

Nov. 19, 2014 06:01 CET
Dongfeng Peugeot Citroen Automobile, PSA's joint venture with Dongfeng Motor, will take over the vehicle import business currently run by the French automaker's Asia office. The move integrates PSA's vehicle distribution channels in China....
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VW's China growth slows to 10% due to capacity limits

Nov. 18, 2014 17:51 CET
VW's growth in China is expected to slow to 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, VW China chief Jochem Heizmann said....
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Ford preps larger, 3-row Edge for China

6:13 pm U.S. ET | Nov. 18, 2014
Ford will make a version of the Ford Edge with three rows of seats for the Chinese market, Jim Farley, Ford executive vice president of global marketing, sales and service, told journalists Tuesday on the eve of the Los Angeles Auto Show....
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As China's luxury car wave slows, foreign automakers seek domestic foothold

Nov. 18, 2014 11:18 CET
Daimler will present its new ultraluxury Mercedes-Maybach subbrand at this week's Guangzhou auto show, even as analysts warn the end is approaching for China's 10-year high-end car sales boom....
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Mitsubishi promises new products

12:01 am U.S. ET | Nov. 17, 2014
Mitsubishi, amid a remarkable sales rebound in the United States, is targeting its first profit in North America since the global financial crisis. Now CEO Osamu Masuko pledges to build on the company's momentum with a badly needed injection of fresh product....
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Hot sales put Subaru ahead of plan

12:01 am U.S. ET | Nov. 17, 2014
In May, Yasuyuki Yoshinaga, president of Subaru maker Fuji Heavy Industries, unveiled a business plan to guide the company through 2020. But Subaru's sales are rising so fast, he may have to roll out a new plan much sooner than expected....
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LETTER TO THE EDITOR

Clean diesels are perfect for China

12:01 am U.S. ET | Nov. 17, 2014
Today's clean diesel technology does not require a compromise between real-world fuel economy and vehicle size and performance....
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Confessions of a price fixer

6:00 pm U.S. ET | Nov. 16, 2014
As one after another Japanese auto supplier gets snagged for price fixing, it is the unwritten rule, say insiders and lawyers, that middle managers sometimes take the fall for superiors and get rewarded for not airing the company's dirty laundry in public court. This is one such story....
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Supplier upheaval fueled price fixing

6:00 pm U.S. ET | Nov. 16, 2014
To hear auto industry insiders in Japan, the country's problems with bid rigging began to spiral in the early 2000s. Or, more specifically, with the arrival of Carlos Ghosn, the cost-cutting CEO who parachuted into a nearly bankrupt Nissan Motor Co. and blew up the carmaker's ossified supplier network....
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SLICING THE PIE

At 'bid meetings,' suppliers aimed to maintain one another's market share

6:00 pm U.S. ET | Nov. 16, 2014
When Japanese auto suppliers schemed to fix prices, it was as much about protecting market share as pumping up profits, an industry insider said. In textbook Japanese fashion, in which consensus rule trumped individual agendas, rival companies agreed to protect the status quo, lest someone was pushed out altogether....
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China's Qoros will add compact SUV to growing lineup

Nov. 16, 2014 06:01 CET
Qoros will unveil a compact SUV at the Guangzhou auto show. The Qoros 3 City SUV will give the Chinese brand a model aimed at Europe's fourth-largest segment as it prepares for a regionwide rollout in 2016....
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VW boosts dual-clutch output in China

Nov. 15, 2014 06:01 CET
VW has boosted production of its dual-clutch transmission at a second plant in China. The plant, in the northern city of Tianjin, will build up to 450,000 units of VW's so-called DSG gearbox annually, with output rising to 1.2 million units by 2016, VW said....
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Subaru to hit North America sales target ahead of plan

4:49 am U.S. ET | Nov. 13, 2014
The parent of Subaru said it will reach its mid-term sales target in North America at least three years ahead of plan, helped by demand for the Forester crossover and Legacy sedan....
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Car2Go poised to top 1-million users

Nov. 13, 2014 10:19 CET
Daimler's Car2Go car-sharing unit will have more than 1 million registered users by the end of the year, a company executive said, up from 900,000 now. The company aims to double penetration to 50 cities by 2016 with an emphasis on China....
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Faurecia aims to nearly double sales in China by 2018

Nov. 12, 2014 11:07 CET
Faurecia is targeting sales of more than 4 billion euros ($4.97 billion) in China by 2018, up from the 2.3 billion euro estimated for this year. The supplier says it will invest 400 million euros in the country over the next five years....
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Takata's chairman a no-show as airbag crisis endangers dynasty

11:06 am U.S. ET | Nov. 11, 2014
Takata Chairman Shigehisa Takada’s failure to come forward and address an airbag crisis ensnaring the world’s biggest automakers risks shaking investor confidence in the 81-year-old manufacturer’s prospects....
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VW's talks to raise stake in its Chinese joint venture stall

Nov. 11, 2014 16:16 CET
Volkswagen's bid to increase its stake in a lucrative joint venture with Chinese partner FAW has stalled just as the German automaker is stepping up expansion in its biggest market, company sources said....
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